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This counter is like yoyo swinging between .585 & .595 the whole week. May go up soon, my opinion.
Dividend of 5 cents on the way confirmed...Cheers.
Is something brewing.
good push just now, up to 0.475, now ease abit, hope later will continue to push up up up
ai ya, buyer keep queeing at 0.45 , please push up
There are other things, which the analyst don't tell you, so you have to take the reports with a pinch of salt. Don't follow one school of though, do your own research. The 5 cents divided which is proposed is driving the counter, the earlier you enter here the better. Rest is all on the market forces.
Good Luck and Cheers.
Quote:
Innotek analysts' meeting yesterday was positive.....a decent yield, strong balance sheet favours more risk averse investors
Wednesday, 10 March, 2010 8:47 AM
Posted by Kevin Scully
The Innotek analysts' meeting yesterday was well attended. The company has restarted its IR engagement programme now that its business is improving and probably because it has better things to say to investors.
Key points from the meeting for me yesterday were:
a) the core business from Mansfield is doing better and the company expects a strong Q1 and Q2 2010. Overall for the year, the company expects quarterly sequential growth to return to their historical trend which sees peak revenue in Q3.
b) earnings although better than 2009 are unlikely to hit 2007 levels which were a peak for Mansfield this year.
c) company continues to buy back shares and has bought another 2mn since the end of 2009 to 12mn now
d) cash position remains strong and the company is continuing to look for acquisitions in similar businesses where there is synergy and are earnings accretive.
e) investors can expect the 5 cent dividend to be maintained as a base dividend which means that even if the share rises to 50 cents - the annual dividend yield is still a decent 10%
I will be raising my profit forecasts for Innotek for 2010 but there is no change in my new price target which I set when its FY2009 results were released. Details of this can be found in my Stock Pick section. The shares at current levels favour more conservative investors, ie attractive dividend yield, strong cash position, a recovering core business and undemanding PER valuations.
one of the undervalue stock
InnoTek Limited
announced net profit after tax of S$7.6 million for the financial year ended 31 December 2009 (“FY09”), asharp reversal from a loss of S$7.0 million in FY08, the net profit was achieved despite a fall in revenue to S$361.5 millionin FY09 amidst a global business and economic slowdown, compared to S$421.6 million in FY08.InnoTek Limited
sharp reversal from a loss of S$7.0 million in FY08, the net profit was achieved despite a fall in revenue to S$361.5 million
in FY09 amidst a global business and economic slowdown, compared to S$421.6 million in FY08.
wander any opinions on tis counter? wantg to buy sinc long time. lookg at chart, like correctn ovr, shld wait for break abv previous peak0.45?
This I found is one of CW's favourites beside Guthrie, GuocoLesuire, Mermaid, SAR and few others. This is the only one waiting to move?
yesterday closed at $0.805, divvy 10 cts = yield 12%, pe 2.6, nav $0.895, production in china doing metal stamping parts.........in
my opinion px is below value, 52 wk high was $1.48......ur $$$ hence u decide.
my opinion px is below value, 52 wk high was $1.48......ur $$$ hence u decide.
tsungjerlim ( Date: 16-Apr-2008 14:23) Posted:
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Just saw on the SGX website that the new name Innotek is giving 10 cents div in May. Not bad for a 70++ cents stock. More than 10% based on stock price. Any master can comment on the price?
So far it has been supporting at 0.79. Overbought region as of this week. Should see prices dropping over the next 2 weeks. IMO
anyone please share views on this soft share, thanks !!!
saw the Share Buy Back Notice. can u someone explain what is this about. today u 3cts as at 1130am